C and S Electric to Sell Units to Private Co of Promoters ? Please Recheck all Information

 Blog Disclaimer ; Please Recheck all Information before taking any investment decision 

==============================================

It appears C and S Electric has sold to Siemens bulk of its manufacturing facilities . 

https://www.business-standard.com/article/companies/siemens-acquisition-of-c-s-electric-india-operations-gets-cci-approval-120082001537_1.html

 It appears that other businesses are , now , being sold to a Private Limited Co. Neeru Holding Private Ltd , owned by the Pomoters.

Special Resolutions are being got approved by Postal ballot.

 - Entire shareholding in Cand S Electric International B.V. ,  wholly owned foreign subsidiary to Neeru Holdings Private Ltd . for Rs. 25 crore 

- Sale of Lighting division , MV Switchgear Div , Diesel Genset Div to Neeru Holding Private Ltd for Rs.  148 cr

-------------

 

Official site 

https://cselectric.co.in/about-us/